Financial literacy level

Suppose you had $100 in a savings account and the interest rate(palūkanų norma) was 2% per year. After 5 years, how much do you think you would have in the account if you left the money to grow?

• More than $102

• Exactly $102

• Less than $102

• Don’t know

Imagine that the interest rate(palūkanų norma) on your savings account was 1% per year and inflation was 2% per year. After 1 year, how much would you be able to buy with the money in this account?

• More than today

• Exactly the same

• Less than today

• Don’t know

If interest rates(palūkanų normos) rise, what will typically happen to bond(obligacija) prices?

• They will rise

• They will fall

• They will stay the same

• There is no relationship between bond prices and the interest rate

• Don’t know

A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage, but the total interest(palūkanos) paid over the life of the loan will be less.

• True

• False

• Don’t know

Buying a single company’s stock(akcija) usually...

• ...provides not as safe return as stock mutual fund(akcijų investicinis fondas).

• ...provides a safer return than a stock mutual fund(akcijų investicinis fondas).

• Don’t know

Results of previous years of investment instrument...

• ...does not reflect expected future returns.

• ...reflects expected future returns.

• Don’t know